DSM acquires flavor & fragrance biobased ingredients business of Amyris
Type of post: NEWS IN BRIEF.
Royal DSM has announced that it has reached an agreement to acquire the flavor and fragrance (F&F) biobased intermediates business of Amyris.
Press release: “DSM acquires Flavor & Fragrance bio-based intermediates business from Amyris”, 31/03/2021.
The business currently consisting of seven intermediate products (four already generating meaningful sales and EBITDA, two just launched and one under development) which will be added to DSM’s existing Personal Care & Aroma Ingredients activities.
In 2017, DSM acquired Amyris’ Farnesene business and technology for nutritional and F&F ingredients, as well as its Brotas (Brazil) biotechnology manufacturing facilities. DSM has been producing several F&F products for Amyris in this facility. Acquiring now the entire F&F business from Amyris is synergetic for DSM as it: (1) further strengthens its biotechnology base with F&F intermediate products and increases the scale of its biotechnology activities in nutritional ingredients; (2) broadens its existing offerings in Aroma Ingredients with additional biotechnology-based products for its F&F customer base; (3) strengthens its sustainability profile further, as biobased F&F ingredients offer additional alternatives to chemistry-based products as well as botanically-sourced ingredients.